0001193125-26-175956.txt : 20260424 0001193125-26-175956.hdr.sgml : 20260424 20260424112354 ACCESSION NUMBER: 0001193125-26-175956 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20260228 FILED AS OF DATE: 20260424 DATE AS OF CHANGE: 20260424 PERIOD START: 20261130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OCM MUTUAL FUND CENTRAL INDEX KEY: 0000745338 ORGANIZATION NAME: EIN: 226444024 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-04010 FILM NUMBER: 26891450 BUSINESS ADDRESS: STREET 1: 2600 KITTY HAWK ROAD STREET 2: SUITE 119 CITY: LIVERMORE STATE: CA ZIP: 94551 BUSINESS PHONE: 414-299-2000 MAIL ADDRESS: STREET 1: C/O UMB FUND SERVICES, INC. STREET 2: 235 W. GALENA ST. CITY: MILWAUKEE STATE: WI ZIP: 53212-3948 FORMER COMPANY: FORMER CONFORMED NAME: PIA MUTUAL FUND DATE OF NAME CHANGE: 20030402 FORMER COMPANY: FORMER CONFORMED NAME: MONTEREY MUTUAL FUND DATE OF NAME CHANGE: 19970325 FORMER COMPANY: FORMER CONFORMED NAME: MONITREND MUTUAL FUND DATE OF NAME CHANGE: 19920703 0000745338 S000005294 OCM MUTUAL FUND C000014470 OCM Gold Fund - Investor Class OCMGX C000101831 OCM Gold Fund - Atlas Class OCMAX NPORT-P 1 primary_doc.xml NPORT-P false 0000745338 XXXXXXXX S000005294 C000014470 C000101831 OCM MUTUAL FUND 811-04010 0000745338 549300AKSS68PWZOHM90 2600 Kitty Hawk Rd Suite 119 Livermore 94551 8007794681 OCM MUTUAL FUND S000005294 5493007254B8R9O2U456 2026-11-30 2026-02-28 N 274731544.370000000000 367779.570000000000 274363764.800000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 194164.380000000000 N Jaguar Mining Inc 549300IRKN0GXIRGS617 Jaguar Mining, Inc. 47009M889 1700000 NS 11540209.66 4.2061712006 Long EC CORP CA N 1 N N N K92 Mining Inc 254900EA8H0X9FEVZU11 K92 Mining, Inc. 499113108 175000 NS 4218165.82 1.5374354639 Long EC CORP CA N 1 N N N Kalamazoo Resources Ltd 549300ISY0PB1Z68Q732 Kalamazoo Resources Ltd. Q5172E102 2941181 NS 397683.17 0.1449474096 Long EC CORP AU N 1 N N N UMB MONEY MARKET II SPECIAL / N/A UMB MONEY MARKET II SPECIAL / SF8888628 21104257.53 PA USD 21104257.53 7.6920717083 Long STIV CORP US N 1 N N N SSR Mining Inc 549300JD2KR7AB9DYJ38 SSR Mining, Inc. 784730103 100000 NS USD 3219000 1.1732598881 Long EC CORP US N 1 N N N Saturn Metals Ltd N/A Saturn Metals Ltd. Q8317P107 1860466 NS 827491.64 0.3016038363 Long EC CORP AU N 1 N N N Summit Royalties Ltd N/A Summit Royalties Ltd. 866251101 500000 NS 590132.69 0.2150913370 Long EC CORP CA N 1 N N N Allied Gold Corp 894500S5G4JFSRGK8L37 Allied Gold Corp. 01921D204 133333.3330 NS 4220609.43 1.5383261099 Long EC CORP CA N 1 N N N Agnico Eagle Mines Ltd YGE0EUBRF7IJOB3QRX76 Agnico Eagle Mines Ltd. 008474108 65000 NS USD 16354000 5.9606996616 Long EC CORP CA N 1 N N N Alamos Gold Inc 549300TDOX73YGYXE959 Alamos Gold, Inc. 011532108 290000 NS USD 15715100 5.7278336341 Long EC CORP CA N 1 N N N Anglogold Ashanti Plc 2138005YDSA7A82RNU96 Anglogold Ashanti Plc G0378L100 105000 NS USD 13415850 4.8898038740 Long EC CORP GB N 1 N N N Ausgold Ltd 894500N1FW604CKRQQ71 Ausgold Ltd. Q07063102 1166666 NS 929878.96 0.3389219275 Long EC CORP AU N 1 N N N Angel Wing Metals Inc N/A Angel Wing Metals, Inc. 03464G206 350000 NS 9621.73 0.0035069245 Long EC CORP CA N 1 N N N Aya Gold & Silver Inc 549300BWX8KJOTUL4M51 Aya Gold & Silver, Inc. 05466C109 404400 NS 8754440.29 3.1908150467 Long EC CORP CA N 1 N N N Barrick Mining Corp 0O4KBQCJZX82UKGCBV73 Barrick Mining Corp. 06849F108 225000 NS USD 11416500 4.1610815511 Long EC CORP CA N 1 N N N B2Gold Corp 549300F7OK456M5NLM05 B2Gold Corp. 11777Q209 300000 NS USD 1848000 0.6735583328 Long EC CORP CA N 1 N N N B2Gold Corp 549300F7OK456M5NLM05 B2Gold Corp. 11777Q209 500000 NS 3071622.32 1.1195437277 Long EC CORP CA N 1 N N N Canagold Resources Ltd 529900VSHM6IT5414441 Canagold Resources Ltd. 136842101 505000 NS 240634.85 0.0877064980 Long EC CORP CA N 1 N N N Centerra Gold Inc 549300K0HXTMP5JJ0E62 Centerra Gold, Inc. 152006102 75000 NS USD 1577250 0.5748754764 Long EC CORP CA N 1 N N N Catalyst Metals Ltd N/A Catalyst Metals Ltd. Q2144G109 1250000 NS 7570096.78 2.7591459774 Long EC CORP AU N 1 N N N DPM Metals Inc 549300LATVTU0EIUMD45 DPM Metals, Inc. 26139R109 250000 NS 10823986.51 3.9451224610 Long EC CORP CA N 1 N N N Fortuna Mining Corp 5493003Q88RVK7CW4735 Fortuna Mining Corp. 349942102 225000 NS 3074554.65 1.1206125023 Long EC CORP CA N 1 N N N GREAT BRITAIN POUND / N/A GREAT BRITAIN POUND / 999999999 -1080 OU Currency -1455.53 -0.0005305110 Short STIV GB N 1 N N N Greatland Resources Ltd 213800KQI75ZGE53GX44 Greatland Resources Ltd. Q4319F106 637501 NS 6265221.19 2.2835454217 Long EC CORP AU N 1 N N N G Mining Ventures Corp 894500N5AZEQU0BLOT06 G Mining Ventures Corp. 36270K102 62500 NS 2559379.81 0.9328417737 Long EC CORP CA N 1 N N N G2 Goldfields Inc N/A G2 Goldfields, Inc. 36256R105 250000 NS 1284729.86 0.4682578477 Long EC CORP CA N 1 N N N Horizon Minerals Ltd 984500A12AE2C6874A86 Horizon Minerals Ltd. Q4704L205 348971 NS 281868.83 0.1027354433 Long EC CORP AU N 1 N N N Heliostar Metals Ltd 529900BF6RCFL9WNSB18 Heliostar Metals Ltd. 42328Y102 300000 NS 657576.42 0.2396732019 Long EC CORP CA N 1 N N N IAMGOLD Corp 254900E7II30XAB9LA72 IAMGOLD Corp. 450913108 100000 NS USD 2457000 0.8955264197 Long EC CORP CA N 1 N N N Tesoro Gold Ltd 9845008A3CD0A5FE6F76 Tesoro Gold Ltd. Q9021B202 628930 NS 478903.43 0.1745505389 Long EC CORP AU N 1 N N N US Gold Corp 5299003C2TFXIV9QAV34 U.S. Gold Corp. 90291C201 130000 NS USD 2538900 0.9253773004 Long EC CORP US N 1 N N N U.S. GOLD Corp. WARRANTS / N/A U.S. GOLD Corp. WARRANTS / 999999999 65000 NC USD 0 0.0000000000 N/A DE CORP US N 2 N/A N/A Call Purchased US GOLD CORP US GOLD CORP 1 23.000000000000 USD 2027-12-15 XXXX 0 N N N Vizsla Royalties Corp N/A Vizsla Royalties Corp. 92859L201 100000 NS 265376.44 0.0967243033 Long EC CORP CA N 1 N N N Vizsla Silver Corp 549300ADJF7HWIEDL366 Vizsla Silver Corp. 92859G608 200000 NS USD 876000 0.3192841448 Long EC CORP CA N 1 N N N West African Resources Ltd 529900XLO8GMJNTUL013 West African Resources Ltd. Q9594D106 600000 NS 1490179.33 0.5431399919 Long EC CORP AU N 1 N N N Wesdome Gold Mines Ltd 254900D63U62QS84H719 Wesdome Gold Mines Ltd. 95083R100 415000 NS 8159445.79 2.9739516791 Long EC CORP CA N 1 N N N Western Exploration Inc N/A Western Exploration, Inc. 95816A200 547900 NS 361491.09 0.1317561341 Long EC CORP US N 1 N N N WESTERN EXPLORATION PRIVATE WARRANTS OCM / N/A WESTERN EXPLORATION PRIVATE WARRANTS OCM / 999999999 273950 NC 0 0.0000000000 Long DE CORP CA N 2 N/A N/A Call Purchased WESTERN EXPLORATION PRIVATE WARRANTS OCM / WESTERN EXPLORATION PRIVATE WARRANTS OCM / 1 1.350000000000 CAD 2028-02-02 XXXX 0 N N N Westgold Resources Ltd 2549003AMX9BL7CKBQ74 Westgold Resources Ltd. Q97159232 600000 NS 3309137.49 1.2061131660 Long EC CORP AU N 1 N N N WIA Gold Ltd N/A WIA Gold Ltd. Q8844P109 1600000 NS 620552.23 0.2261786393 Long EC CORP AU N 1 N N N Wheaton Precious Metals Corp 549300XSFG5ZCGVYD886 Wheaton Precious Metals Corp. 962879102 80000 NS 13035407.96 4.7511405048 Long EC CORP CA N 1 N N N Discovery Silver Corp 98450041CCB3E8QD3F53 Discovery Silver Corp. 254677107 150000 NS 1239278.65 0.4516918081 Long EC CORP CA N 1 N N N Endeavour Mining PLC 529900NI5MXQ91GHXR07 Endeavour Mining PLC G3042J105 118670 NS 8538567.92 3.1121339679 Long EC CORP GB N 1 N N N Emerald Resources NL N/A Emerald Resources NL Q3464L108 1250000 NS 6298035.87 2.2955057037 Long EC CORP AU N 1 N N N Excellon Resources Inc 549300TCL7Q34YGPQ182 Excellon Resources, Inc. 30069C801 3000000 NS 1451506.49 0.5290445300 Long EC CORP CA N 1 N N N Liberty Gold Corp 549300DY25855R7ZV117 Liberty Gold Corp. 53056H104 875000 NS 1013488.75 0.3693959918 Long EC CORP CA N 1 N N N Lundin Gold Inc 549300ZOV16K515FC525 Lundin Gold, Inc. 550371108 130000 NS 12252840.70 4.4659106894 Long EC CORP CA N 1 N N N Montage Gold Corp N/A Montage Gold Corp. 61178L101 616500 NS 7683087.75 2.8003288829 Long EC CORP CA N 1 N N N Miata Metals Corp 984500ELQ9T8H1497788 Miata Metals Corp. 59403F105 1562500 NS 675811.89 0.2463196590 Long EC CORP CA N 1 N N N Mithril Silver And Gold Ltd N/A Mithril Silver And Gold Ltd. Q6253U106 1228000 NS 315079.54 0.1148400702 Long EC CORP AU N 1 N N N Metalla Royalty & Streaming Lt 549300RPR0O774QEKV20 Metalla Royalty & Streaming Ltd. 59124U605 100000 NS USD 905000 0.3298540537 Long EC CORP CA N 1 N N N Newmont Corp 549300VSP3RIX7FGDZ51 Newmont Corp. 651639106 85000 NS USD 11050000 4.0274997714 Long EC CORP US N 1 N N N NeXGold Mining Corp 25490084LOPPDXN4YK38 NeXGold Mining Corp. 65345V108 734108.16 NS 1237774.92 0.4511437292 Long EC CORP CA N 1 N N N NEXGOLD MINING Corp. WARRANTS / N/A NEXGOLD MINING Corp. WARRANTS / 999999999 367054 NC 363259.95 0.1324008476 Long DE CORP CA N 2 N/A N/A Call Purchased NEXGOLD MINING Corp. WARRANTS / NEXGOLD MINING Corp. WARRANTS / 1 0.950000000000 CAD 2026-12-15 XXXX 363259.95 N N N OceanaGold Corp 549300CBMSE8I9N3E232 OceanaGold Corp. 675222400 166666 NS 7087672.94 2.5833123208 Long EC CORP CA N 1 N N N Omai Gold Mines Corp 254900GOHPZOKN6K3C88 Omai Gold Mines Corp. 682043104 4000000 NS 5864672.68 2.1375536541 Long EC CORP CA N 1 N N N Orezone Gold Corp 529900ZRY6WGGRC9Z698 Orezone Gold Corp. 68616T109 500000 NS 1007990.62 0.3673920354 Long EC CORP CA N 1 N N N Pan American Silver Corp 549300MKTF5851TYIB83 Pan American Silver Corp. 697900108 70000 NS USD 4809000 1.7527824797 Long EC CORP CA N 1 N N N Perseus Mining Ltd 54930054ZDGKBCW3SM26 Perseus Mining Ltd. Q74174105 800000 NS 3415883.86 1.2450200421 Long EC CORP AU N 1 N N N Rio2 Ltd 2549009N9W290I0XSE73 Rio2 Ltd. 767217102 2758000 NS 7662795.98 2.7929329464 Long EC CORP CA N 1 N N N RTG Mining Inc N/A RTG Mining, Inc. G7707W178 4578755 NS 127079.02 0.0463177126 Long CORP AU N 1 N N N Robex Resources Inc 529900UBILRW1I57HF58 Robex Resources, Inc. 999999999 209004 NS 1142293.42 0.4163426686 Long CORP CA N 1 N N N Royal Road Minerals Ltd 54930033JDODZL6J2G22 Royal Road Minerals Ltd. G76828105 2399000 NS 395700.46 0.1442247522 Long EC CORP JE N 1 N N N Sendero Resources Corp N/A Sendero Resources Corp. 81688C300 526400 NS 636727.51 0.2320741992 Long EC CORP AR N 1 N N N Thesis Gold & Silver Inc 529900EDQ993Q6M6BH62 Thesis Gold & Silver, Inc. 883922106 300000 NS 778535.30 0.2837602482 Long EC CORP CA N 1 N N N Thor Explorations Ltd 213800AXZ8468CQYVT76 Thor Explorations Ltd. 885149104 900000 NS 1115020.89 0.4064023873 Long EC CORP CA N 1 N N N Tiernan Gold Corp N/A Tiernan Gold Corp. 88650A105 200000 NS 1466168.17 0.5343884135 Long EC CORP CA N 1 N N N TIERNAN GOLD WARRANTS / N/A TIERNAN GOLD WARRANTS / 886936111 100000 NC 256579.43 0.0935179725 Long DE CORP CA N 2 N/A N/A Call Purchased TIERNAN GOLD WARRANTS / TIERNAN GOLD WARRANTS / 1 6.500000000000 CAD 2027-11-14 XXXX 256579.43 N N N 2026-03-05 OCM MUTUAL FUND /s/ Gregory M. Orrell Gregory M. Orrell President XXXX NPORT-EX 2 ea0282389-01_nportex.htm PART F SOI

 

OCM GOLD FUND

Schedule of Investments - February 28, 2026

(Unaudited)

 

Shares         Value 
     Common Stocks  91.9%     
     Major Gold Producers  22.1%     
 65,000   Agnico Eagle Mines Ltd.     $16,354,000 
 105,000   AngloGold Ashanti PLC      13,415,850 
 225,000   Barrick Mining Corp.      11,416,500 
 118,670   Endeavour Mining PLC      8,538,568 
 85,000   Newmont Corp.      11,050,000 
            60,774,918 
     Intermediate/Mid-Tier Gold Producers  30.8%     
 290,000   Alamos Gold, Inc.      15,715,100 
 133,333   Allied Gold Corp.*      4,220,609 
 300,000   B2Gold Corp.      1,848,000 
 500,000   B2Gold Corp.^      3,071,622 
 75,000   Centerra Gold, Inc.      1,577,250 
 250,000   DPM Metals, Inc.      10,823,987 
 225,000   Fortuna Mining Corp.*      3,074,555 
 637,501   Greatland Resources Ltd.*      6,265,221 
 100,000   IAMGOLD Corp.*      2,457,000 
 130,000   Lundin Gold, Inc.      12,252,841 
 166,666   OceanaGold Corp.      7,087,673 
 70,000   Pan American Silver Corp.      4,809,000 
 800,000   Perseus Mining Ltd.      3,415,884 
 100,000   SSR Mining, Inc.*      3,219,000 
 600,000   West African Resources Ltd.*      1,490,179 
 600,000   Westgold Resources Ltd.      3,309,138 
            84,637,059 
     Junior Gold Producers  18.9%     
 1,250,000   Catalyst Metals Ltd.*      7,570,097 
 150,000   Discovery Silver Corp.*      1,239,278 
 1,250,000   Emerald Resources N.L.*      6,298,036 
 62,500   G Mining Ventures Corp.*      2,559,380 
 300,000   Heliostar Metals Ltd.*      657,576 
 1,700,000   Jaguar Mining, Inc.*      11,540,210 
 175,000   K92 Mining, Inc.*      4,218,166 
 500,000   Orezone Gold Corp.*      1,007,990 
 2,758,000   Rio2 Ltd.*      7,662,796 
 900,000   Thor Explorations Ltd.      1,115,021 
 415,000   Wesdome Gold Mines Ltd.*      8,159,446 
            52,027,996 
     Exploration and Development Companies  11.5%     
 350,000   Angel Wing Metals, Inc.*      9,622 

 

 

Shares         Value 
 1,166,666   Ausgold Ltd.*      $929,879 
 505,000   Canagold Resources Ltd.*      240,635 
 3,000,000   Excellon Resources, Inc.*      1,451,506 
 250,000   G2 Goldfields, Inc.*      1,284,730 
 348,971   Horizon Minerals Ltd.*      281,869 
 2,941,181   Kalamazoo Resources Ltd.*      397,683 
 875,000   Liberty Gold Corp.*      1,013,489 
 1,562,500   Miata Metals Corp.*      675,812 
 1,228,000   Mithril Silver And Gold Ltd.*      315,080 
 616,500   Montage Gold Corp.*      7,683,088 
 734,108   NeXGold Mining Corp.*      1,237,775 
 4,000,000   Omai Gold Mines Corp.*      5,864,673 
 209,004   Robex Resources, Inc.*      1,142,293 
 2,399,000   Royal Road Minerals Ltd.*      395,700 
 4,578,755   RTG Mining, Inc.*      127,079 
 1,860,466   Saturn Metals Ltd.*      827,492 
 526,400   Sendero Resources Corp.*      636,728 
 628,930   Tesoro Gold Ltd.*      478,903 
 300,000   Thesis Gold & Silver, Inc.*      778,535 
 200,000   Tiernan Gold Corp.*      1,466,168 
 130,000   U.S. Gold Corp.*      2,538,900 
 200,000   Vizsla Silver Corp.*      876,000 
 547,900   Western Exploration, Inc.*      361,491 
 1,600,000   WIA Gold Ltd.*      620,552 
            31,635,682 
     Royalty/Streaming Companies  5.4%     
 100,000   Metalla Royalty & Streaming Ltd.*      905,000 
 500,000   Summit Royalties Ltd.*      590,133 
 100,000   Vizsla Royalties Corp.*      265,376 
 80,000   Wheaton Precious Metals Corp.      13,035,408 
            14,795,917 
     Primary Silver Producers  3.2%     
 404,400   Aya Gold & Silver, Inc.*      8,754,440 
              
     Total Common Stocks        
     (Cost $41,918,451)      252,626,012 
              
     Warrants  0.2%     
     Exploration and Development Companies  0.2%     
 367,054   NeXGold Mining Corp.
Exercise Price 0.95 CAD, Exp. 12/16/2026*
      363,260 
 100,000   Tiernan Gold Corp.
Exercise Price 6.50 CAD, Exp. 11/15/2027*
      256,579 
 65,000   U.S. Gold Corp.
Exercise Price 23.00 USD, Exp. 12/15/2027*
       
 273,950   Western Exploration, Inc. Exercise Price 1.35 CAD, Exp. 2/3/2028*       
            619,839 

 

 

    Total Warrants       
     (Cost $0)     $619,839   
              
     Short-Term Investment  7.8%     
 21,298,422   UMB Bank, Institutional Banking Money Market II Deposit Investment, 3.43%#      21,298,422 
              
     Total Short-Term Investment        
     (Cost $21,298,422)      21,298,422 
              
     Total Investments  99.9%     
     (Cost $63,216,873)      274,544,273 
     Assets less Other Liabilities  0.1%   277,920 
     TOTAL NET ASSETS  100.0%  $274,822,193 

 

PLC – Public Limited Company
CAD – Canadian Dollars

 

* Non-income producing security.
^ Denoted investment is a Canadian security traded on U.S. stock exchange.
# The rate is the annualized seven-day yield at period end.